PPG-Georgia Gulf deal on pace to become final in early 2013

PPG Industries expects early next year to finalize the merger of its spun-off commodity chemicals business with Georgia Gulf. "We believe low-cost natural gas in North America will remain globally advantaged as a source of energy. We expect this to place the Gulf Coast chloro-vinyls producers in a strong position to supply domestic and export customers," said Georgia Gulf President and CEO Paul Carrico. The merger "will create a chemicals and building products leader that is well positioned to benefit from this cost advantage and expanding global demand for our products," Carrico added.